Monday February 15, 2016
Bradway Properties
Executive Summary
WASHOE VALLEY, NV
Single Family Homes
This Week
The median list price in WASHOE VALLEY, NV 89704 this week is
$677,000.
The Market Action Index has been trending down lately, indicating
demand falling along with supply. Conditions point to mildly
negative trends for the market.
Real-Time Market Profile
Trend
Median List Price
$ 677,000
Asking Price Per Square Foot
$ 194
Average Days on Market (DOM)
159
Percent of Properties with Price Decrease
39 %
Percent Relisted (reset DOM)
6%
Percent Flip (price increased)
6%
Median House Size (sq ft)
3148
Median Lot Size
1.0 - 2.5 acres
Median Number of Bedrooms
4.0
≠
±+
±+
Median Number of Bathrooms
Supply and Demand
Market Action Index
In the last few weeks, the market has been at a stasis point in terms
of sales to inventory. However, prices seem to have been falling a
bit recently. Technically supply levels indicate this is a Seller's
market so it is likely that the downward pricing pressure will be light
or variable. Watch for an up-shift in the MAI before price stability is
achieved.
±+
No change
3.0
Seller's Advantage
44.7
±+
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
Prices in this zip code been on a downward trend recently and
this week, while essentially flat, doesn't break us out of that
cycle. Watch the Market Action Index for any signs of demand
increasing.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
The Market Action Index answers the question "How's the
Market?" by measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile
Quartile
Median Price
Sq. Ft.
Top/First
$ 869,450
3056
Upper/Second
$ 722,000
Lower/Third
Bottom/Fourth
Lot Size
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Beds
Baths
Age Inventory New Absorbed DOM
2.5 - 5.0
acres
4.0
2.8
14
4
1
0
238
Most expensive 25% of properties
3428
2.5 - 5.0
acres
4.0
3.2
18
4
0
0
226
Upper-middle 25% of properties
$ 599,000
3772
1.0 - 2.5
acres
3.0
4.0
22
5
0
0
160
Lower-middle 25% of properties
$ 315,000
1950
1.0 - 2.5
acres
3.0
2.0
36
5
0
1
42
Least expensive 25% of properties
Megan LoPresti | [email protected] | (775) 671-1447
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